Illinois lawmakers approved a tax credit of up to $300 for families with young children, increasing to $600 in 2025.
Illinois lawmakers approved a tax credit of up to $300 for families with young children, available to those with children under age 12 who qualify for the federal Earned Income Tax Credit (EITC). Starting in tax year 2025, the state's child tax credit will double, providing an additional $150-$600 for some families. The credit is designed to benefit low- and middle-income earners with children.
June 13, 2024
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